Thu, Sep 18, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Asia Pacific Intelligence

New AIMA Hong Kong chairman focuses on establishing presence in China

Monday, October 08, 2012

Philip Tye, the new chairman of AIMA Hong Kong and founding partner and managing director of Dragonback Capital Limited, is focussing on supporting industry participants in developing AIMA's presence in China. "China is now at the stage where there are potential changes in regulation which could make hedge funds a growing part of the financial industry there" Tye said, in an interview with Asia Pacific Intelligence. "It's time that AIMA had a presence in China which will have to be built by industry participants in China and our role is to support them."

AIMA Hong Kong is currently the largest chapter in Asia with 165 members, and was set up some 16 years ago. Other focuses for the new chairman include working locally in Hong Kong to ensure that Hong Kong is promoted as one of the world's major financial centres. The Hong Kong government has put together a task force to promote Hong Kong. "We're on their side, as a major hedge fund centre it's important that AIMA does get involved and gives its opinions" Tye said.

A third area that concerns him is the development of the regional groups within AIMA. "We want to bring more emphasis on Asia with co-operation between the various Asian AIMA chapters" Tye said. AIMA has chapters in Hong Kong, Singapore, Japan and Sydney, Australia at the moment.

Tye's business, Dragonback Capital, is a hedge fund platform. Tye comments on the tough times that the Asian hedge fund industry is enduring. "It's very difficult at the moment" he says. "There is still some investment coming in but traditionally Asian hedge funds have relied a lot on European and North American investors and it is difficult to get that investment at the moment. We live in hope but there is no evidence of improvement yet. The numbers are well established, the statistics show that there has been a decrease in assets."

 
This article was published in Opalesque's Asia Pacific Intelligence our monthly research update on alternative investments in the Asia-Pacific region.
Asia Pacific Intelligence
Asia Pacific Intelligence
Asia Pacific Intelligence
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  4. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali

  5. Short Selling - Notorious U.S. short-seller targets Alibaba[more]

    From Wantchinatimes.com: A notorious American short-seller appears to have "targeted" Chinese internet giant Alibaba on the eve of its historic public listing on the New York Stock Exchange, reports Chinese web portal Hexun. Alibaba's highly-anticipated listing on Friday could potentially be the big